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What it the working capital and the current ratio? Using the following accounts and balances taken from a year-end balance sheet, compute working capital and
What it the working capital and the current ratio?
Using the following accounts and balances taken from a year-end balance sheet, compute working capital and the current ratio.
Accounts Payable | $ 3,500 |
Accounts Receivable | 5,000 |
Cash | 2,000 |
Marketable Securities | 1,000 |
Merchandise Inventory | 6,000 |
Notes Payable in Three Years | 6,500 |
Property, Plant, and Equipment | 20,000 |
Common Stock | 24,000 |
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